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03.07.2022 - 18:49

The house is registered in my wife’s name however, I am paying the whole emi. Can I claim income tax rebate on home loan in india?

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The house is registered in my wife’s name however, I am paying the whole EMI. Can I claim income tax rebate on home loan in india?

Answers (1)

Elsie April 9, 2023 в 06:51

No, you cannot claim income tax rebate on home loan unless you are a co-owner of the property. The tax benefit on home loan is available to the co-owner who is also a co-borrower. Since the property is registered in your wife's name, she is the sole owner and can claim the tax benefits. However, if you become a co-owner of the property, then you will be eligible to claim tax benefits on the EMI paid by you.

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